Country outlaws rules requiring sole state ownership for cannabis farming – to encourage investment in the plant for industrial and medicinal uses

 

By Jit Television Daily, Sunday Express and VOA

Zimbabwe has announced the rules for growing cannabis, as the country seeks to boost foreign currency revenue and benefit from the rapidly growing industry.

Anxious Masuka, the agriculture minister, under regulations published in a government gazette this week – said three types of permits can be issued for growers, researchers and industrial hemp merchants.

As reported on Jit TV News Bulletin – growers are only allowed to cultivate, market and sell industrial hemp and researchers may cultivate for research purposes.

A merchant can contract individual farmers, procure and process industrial hemp into a specified product.
Prior to the new rule people found growing cannabis in Zimbabwe were liable to a jail term of up to 12-years.

57 foreign and local entities have been licensed to grow medicinal cannabis in Zimbabwe while owning 100 percent of their investment.

 

 

Entities involved in the cultivation and processing of this medicinal cannabis are from Germany – Switzerland – Canada as well as local players from Zimbabwe and they have already initiated production in some licensed farms spread across the country.

Recently the country outlawed rules requiring sole state ownership for cannabis farming to encourage investment in the plant for industrial and medicinal uses – hence the Ministry of Lands is now working with the Medicines Control Authority of Zimbabwe to ensure that the quality of seeds imported meet regulatory requirements so as to reach Treasury cannabis sales forecast of $1.25 billion this year.

Zimbabwe is Africa’s largest tobacco producer – but authorities expect hemp export to start replacing tobacco as farmers seek higher earnings from the crop.

In April 2018 – Zimbabwe became the second African country to legalize Cannabis for medical and scientific use – joining a small group of pioneering African countries that have in recent years commercialised the crop.

Meanwhile – Chief Executive officer of the Zimbabwe Investment and Development Agency Douglas Munatsi in a statement says investors can have 100 percent ownership of their investments and locate their facilities anywhere in the country without prescription – a decision in line with government’s investor-friendly stance to attract capital and to be competitive.

 

 

Zimbabwe recently scrapped rules requiring sole state ownership for cannabis farming to encourage investment in the plant for industrial and medicinal uses.

Zimbabwe is Africa’s largest tobacco producer, but authorities expect hemp export earnings to start replacing tobacco as farmers seek higher earnings from the crop.

About five years ago, Zimbabwe Industrial Hemp Trust led experiments raising cannabis and the project has spread to several parts of Zimbabwe.

Zimbabwe reviews diaspora policy, and Zida pledges to benchmark country to international standards

 

 

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